destructive competition

Cultural  

1. Competition that forces several producers out of the market. Destructive competition usually occurs when there are so many producers of a product that prices are driven down to the point where no one makes a profit. It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.

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Example Sentences

Kwan, on the other hand, sees Adani’s ownership of the two airports as a boon considering there’ll be “no destructive competition.”

From Seattle Times

Many of these chapters are extraordinary investigations in their own right, dense with empirical detail and insightful analysis, and they collectively establish beyond any reasonable doubt the book’s fundamental claim: “Inequality distorts human rationality. It turns the life of the mind inward, away from the actual problems of the world, and focuses it instead on a destructive competition.”

From Washington Post

The maritime sector remained strong, and the destructive competition between the ports of Seattle and Tacoma ended when the two formed the Northwest Seaport Alliance in 2015.

From Seattle Times

While regulation designed to curb destructive competition would be difficult to enact given the popularity of these services, there are compelling public-policy reasons for examining this.

From Washington Post

But the current rules and structure of the awards, he contends in Losing the Nobel Prize, foster ferocious and sometimes destructive competition for scarce research resources.

From Nature